Want to open your own petrol station? This is how much you’ll need to have in the bank South Africa burns a lot of petrol – and selling it is an often lucrative business. But be warned, it is not for everyone, there’s plenty of red tapes, and it isn’t cheap. Highlights The cheapest stations…
Want to open a petrol station South Africa is one of the leading consumers of petrol and diesel and you can be the one selling it. But buying a petrol station or petrol stations is not an easy task. If you are not familiar with the petroleum retail industry it is better that you open…
Are you looking to sell a petrol station in South Africa? We understand all the difficulties that can arise while you are looking to sell your property. As a current owner of the station, it becomes crucial that you are able to find the right buyer for your business. You will need to have in-depth…
Further petrol price relief; lowest since September 2016 The Department of Energy announced that the petrol price (95 ULP) will decline by a further R1.74/l, with effect from Wednesday, 6 May 2020. The latest announcement means that the price of 95 Octane (LRP, Gauteng) will now cost R12.22 per litre, which is the lowest oil…
Invest in a Petrol Station Whenever you are in any business, profit margins are the top priority for anyone. Though owning a petrol station does come with several other benefits as well. There are several factors that you should keep an eye out before you start to look for petrol stations for sale in your…
Want to Own a Petrol Pump? There are many who are looking to buy their own filling or petrol station due to the several perks that it comes with. However, this very concept is surrounded by some biased misconceptions that run rampant on the minds of existing as well as potential petrol station sellers. Such…
Business Investment The fuel retail industry is one of the most resilient industries in the country that has found itself capable of delivering some healthy margins of profit even in times of slow economic growth. James Noble from Absa Business Banking noted the industry to be “recession-proof”. This makes business opportunities in the field to…
Black Gold Petrol and Diesel prices have always been a concern for most of the countries around the globe and there are many factors that contribute towards its growth and fluctuating prices. Petroleum is referred to as “Black Gold” by many due to its colour when it is extracted from the earth. The “gold” noun…
Buying a Petrol station When searching for petrol or service station for sale, one of the most common paths to take is looking for a petrol station for sale and seizing the opportunity to cash in on that. Buying a filling station for sale can be profitable given that you find the right one, located in a…
Petrol price increase expected in February. The AA has predicted an increase in the local petrol price for February, related primarily to an increase in oil prices worldwide. “International oil prices have reached a slightly higher plateau after climbing in the first half of January,” said the AA. However, thanks to the strengthening rand, the…
